simple view here - daily impulse is now in a corrective down trend. A flat correction is looking attractive with an expected break of the previous low for a regular flat that would take us to a nice 618 retracement area. If we get a nice 60 min consolidation here, selling the break of that looks like a good idea.
naveed
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have you given a thought that the move up from 26 to present could be a part of 4th triangle (a from 26 to 52, b 52 to 38, c 38 to 49 and d 49 to 42 and e 42 to 47) - all the moves are 3 waves.
ElliottWavePro
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I keep in mind this count as well, but it has a quite big wave 4.